STAVANGER IT AS

4021 STAVANGER

Finances

Share Ownership

Return on Equity

84,92 %

Current Ratio

2,61

Debt-to-Equity Ratio

0,2

Key figures (NOK)	2022	2021	2020
Revenue	450 000	51 000	0
Net Income	107 000	5 000	−11 000
Total Assets	245 000	56 000	14 000
Total Equity	126 000	19 000	14 000

Income (NOK)	2022	2021	2020
Revenue	450 000	51 000	0
Expenditure	307 000	44 000	15 000
Operating Profit	143 000	7 000	−15 000
Financial Income	0	0	0
Financial Costs	1 000	1 000	0
Financial Balance	−1 000	−1 000	0
Earnings Before Tax	142 000	7 000	−15 000
Tax	34 000	2 000	−5 000
Net Income	107 000	5 000	−11 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	0	3 000	5 000
Total Current Assets	245 000	53 000	9 000
Total Assets	245 000	56 000	14 000
Total Retained Equity	102 000	−6 000	−11 000
Total Equity	126 000	19 000	14 000
Total Long-Term Debt	25 000	30 000	0
Total Current Debt	94 000	8 000	0
Total Equity and Debt	245 000	56 000	14 000

Cash flow (NOK)	2022	2021	2020
Sales Income	450 000	51 000	0
Other Income	0	0	0
Revenue	450 000	51 000	0
Cost of Goods Sold	0	0	0
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	307 000	44 000	15 000
Operating Profit	143 000	7 000	−15 000
Financial Income	0	0	0
Financial Costs	1 000	1 000	0
Financial Balance	−1 000	−1 000	0
Dividends	0	0	0
Net Income	107 000	5 000	−11 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	3 000	5 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	0	3 000	5 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	245 000	52 000	9 000
Total Current Assets	245 000	53 000	9 000
Total Assets	245 000	56 000	14 000
Total Equity	126 000	19 000	14 000
Short-Term Group Debt	0	6 000	0
Total Long-Term Debt	25 000	30 000	0
Creditors	2 000	2 000	0
Unpaid Taxes	61 000	0	0
Dividends	0	0	0
Other Current Debt	0	0	0
Total Current Debt	94 000	8 000	0
Total Equity and Debt	245 000	56 000	14 000

Financial indicators	2022	2021	2020
Return on Equity	84,92 %	26,32 %	−78,57 %
Debt-to-Equity Ratio	0,2	1,58	0
Operating Profit Margin	31,78 %	13,73 %	-
Current Ratio	2,61	6,63	-
Quick Ratio	2,61	6,63	-
Equity Ratio	0,51	0,34	1
Gross Profit Margin	100 %	100 %	-